Soft drinks sales continue to soar
Nichols, the soft drinks group, has announced improved profits for the first half of 2005. Highlights for its two principal operations – soft drinks and beverage systems – included a 12% rise in profit before tax at £2.25 (£3.30) million.
Turnover was up 24% from last year at £30.54 (£44.76) million. International markets for Vimto continue to perform well, while integration of the recently acquired Panda and Beacon businesses are trading in line with expectations.
Chairman John Nichols said,“This is the third consecutive year of improved interim profits, following the strategic review in 2002 and the group is now a much stronger and focused business. We expect the market to remain extremely challenging, but expect our full year results to reflect the progress made so far.